Of Porter's Generic Business Strategies That Focuses on Reducing Expenses

question 17

Multiple Choice

of Porter's generic business strategies that focuses on reducing expenses and,in turn,lowers product prices while targeting a broad array of market segments,is referred to as a

• A) differentiation focus strategy.
• B) cost focus strategy.
• C) differentiation strategy.
• D) cost leadership strategy.
• E) supply focus strategy.

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Definitions:

Mode

The value that appears most frequently in a data set.

Deviations

Differences between observed values and the average or expected values in a data set.

Coefficient Of Variation

A measure of relative variability computed by dividing the standard deviation by the mean and multiplying by 100.

Variance

A statistical measure of the dispersion of a set of data points, calculated as the average of the squared differences from the mean.